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for Everything Procure-to-Pay.

Procurify helps you control and track spending wherever, whenever, and however purchasing happens.

Do your homework before choosing supply chain management software

So, you’re interested in installing (or, potentially, upgrading) the supply chain management software used in your organization.

That’s a good idea – an efficient, well-organized supply chain is critical to the financial success of business. But, supply chain management software (whether you’re installing or upgrading) can be expensive. Some of the biggest options such as Oracle and SAP don’t come cheap. But the more you need your supply chain management software to do, typically, the more it is going to cost.

Before committing to a pricey installation ask yourself some critical questions. What do I need from supply chain management software? Do I need to be more nimble when adapting to customer needs? Do I need to do a better job maintaining – or reducing – my production costs? Or, is my problem more holistic: Do I just need better control of my entire supply chain?

Well, there’s good news – supply chain management software can do all of the above. Supply chain management software will give you better visibility and control with factories and retailers, as well as improves logistics and financial forecasting.

Of course, the ability to do many things doesn’t mean all supplier software options are created equal. A critical issue to consider when making your decision is integration. For example, what accounting software does the supply chain management software integrate with? Understand this integration aspect thoroughly – it will make for easier collaboration across your various systems and your numerous external networks.

Benefits of supply management software

But don’t just take it from me. Over at allsupplychain.com, Steve Heistand has compiled a persuasive list of reasons you should adopt (or upgrade) your supply chain management software.

Here are a few of my favourites:

  • Supply Chain and Your Values: If your company values efficiency, support and leadership (among many other traits, surely) then shouldn’t your software help you achieve those goals?
  • Inventories in Sync With Customer Demands: Software will give your company greater ability to forecast what your customer wants, and will want in the future. Meeting that demand – whatever it may be – is critical to the long-term success of an organization. In business, nothing stays the same. Don’t fall behind.
  • Governance, Reporting and Visibility: There are many different groups that influence your supply chain management. And each of those groups (governments, banks, shareholders etc.) have different reasons for needing access to a company’s financials. Suppier management software captures, stores and packages all the data these groups may want, in an efficient manner.
  • System Costs: More and more, supply chain management software is based on the Software as a Service (SaaS) model, which eliminates the need for in-house maintenance and expensive installations. The most recent innovation in this field is the use of cloud technology, which further cuts down on the need for installations and maintenance.
  • There’s never a bad time to gain better visibility and control of your supply chain. As I said at the outset of this post, a well-oiled supply chain will benefit your business. But what software will you choose to accomplish those goals? Of course, that’s up to you. But before you make your choice, ask yourself the aforementioned questions. Choose once, and choose correctly. It will mean a lot to your business.

Requests & Approve

Modernize your requisition process.

Centralize requests, approvals, and real-time budgets to empower your teams to make data-informed spend decisions.

Purchase & Receive

Make more strategic purchasing decisions.

Consolidate purchase requisitions, catalogs, purchase orders, and vendor information, so you can stop searching for documents and start focusing on what matters.

  • Request and approve on the go with the mobile app
  • Customizable purchasing approval workflows
  • Centralized communication and receipt storage capabilities
  • Budget insights to make informed spend decisions quickly and accurately

Invoicing & Payments

Finance and purchasing, integrated.

Give your accounts payable team the confidence they need to pay invoices quickly with centralized communication and documentation around every purchase decision.

  • Create and send purchase orders to your vendors in seconds.
  • Manage and set preferred vendors for your team to purchase from
  • Set up catalogs of pre-approved or frequently ordered products for your team so you can negotiate preferred rates.
  • Receive items and easily attach the packing slip using your mobile device and have Procurify notify your team after receipt
  • Purchase requests, purchase orders, and past purchases all in one place.

Budgets & Reporting

Real-time budget and spend insights.

Make better informed financial decisions with robust spend reports, real-time data visualizations, and user-friendly budget dashboards.

  • Purchase orders and packing slips within one system give you full context into every invoice
  • Eliminate manual invoice processing tasks with Procurify’s AP automation technology
  • Set up bill and payment approval workflows while easily approving from desktop or mobile
  • Make payments in Procurify or sync your approved bills to your accounting system for payment processing
  • Send your most critical spend data from Procurify into your accounting system through Procurify’s financial integrations

User-Friendly Mobile App

Modern purchasing happens on the go.

Procurify’s mobile app for iOS and Android gives you complete visibility and control over your end-to-end procurement process — all from your phone.

Integrations

Integrations that unlock value.

Save time and reduce redundant manual tasks by syncing your most important purchasing information from Procurify into your accounting system or ERP.

PunchOuts

Accelerate purchasing with your favorite vendors.

With PunchOuts, your team can shop directly on your favorite vendors’ websites and add shopping cart items directly into Procurify for approval.